SC Agrotech Ltd

SC Agrotech Ltd

Sheel International Limited was established in the year 1992 to produce milk products like Butter Pure ghee Milk powder Skim milk and Liquid Milk. Government of India emphasized under its various program for nourishment of children youth old ager's and promote production of dairy items the product of the company got good maket response because of expertise of management who were well experienced in Dairy business.But due to creation excess of capacity in the Buland Shahar District and Scarcity of purchase of Raw milk at exorbitant price by Mother Dairy and Amul for Liquid Milk supply in Delhi the surplus milk available for milk processing remained Less resulting cost was jumped and operation become non viable and management has to take a decision to stop the activity in November 1998 and file application with the BIFR for declaration a sick company under section 15(1) of the Sick Industrial Company (Special Provision) Act 1985. The hon'ble BIFR / AAIFR declined to declare as sick company and dismiss the application / petition of the company.